SAUDI ARABIA

 

MEES Agenda

 

Global Economic Weakness Weighs On Saudi Petchems

 

Saudi petrochemical and refining companies traded on Saudi Arabia’s Tadawul stock exchange have been hit by slower global economic growth, with most reporting lower 2Q12 earnings. This has impacted share prices, although these have started to edge up from the lows they hit in July, reports Melanie Lovatt.

 

Saudi Arabia’s benchmark index, the Tadawul All Share...